REGISTERED NUMBER: 02698578 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Micromode Medical Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

Mr S Thakker

Mr D W Nathanson

SECRETARY:

Mr S Thakker

REGISTERED OFFICE:

Unit 514 Centennial Avenue

Centennial Park

Elstree

Hertfordshire

WD6 3FG

REGISTERED NUMBER:

02698578 (England and Wales)

ACCOUNTANTS:

Andrew Murray & Co

Business Advisors and Statutory Auditors

144-146 Kings Cross Road

King's Cross

WC1X 9DU

FIXED ASSETS

Tangible assets

4

19,892

6,100

CURRENT ASSETS

Stocks

314,559

267,013

Debtors

5

28,500

123,953

Prepayments and accrued income

111,637

91,797

Cash at bank and in hand

3,062,808

2,809,220

3,517,504

3,291,983

CREDITORS

Amounts falling due within one year

6

824,208

1,470,294

NET CURRENT ASSETS

2,693,296

1,821,689

TOTAL ASSETS LESS CURRENT LIABILITIES

2,713,188

1,827,789

PROVISIONS FOR LIABILITIES

7

100,000

100,000

NET ASSETS

2,613,188

1,727,789

CAPITAL AND RESERVES

Called up share capital

136

136

Share premium

8

22,860

22,860

Capital redemption reserve

8

200

200

Retained earnings

8

2,589,992

1,704,593

2,613,188

1,727,789

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2026 and were signed on its behalf by:

Mr S Thakker - Director

1.	STATUTORY INFORMATION

Micromode Medical Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2025

17,106

73,596

17,553

108,255

Additions

-

700

15,869

16,569

Disposals

-

(73,199

)

(15,181

)

(88,380

)

At 31 December 2025

17,106

1,097

18,241

36,444

DEPRECIATION

At 1 January 2025

12,830

73,405

15,920

102,155

Charge for year

856

239

1,682

2,777

Eliminated on disposal

-

(73,199

)

(15,181

)

(88,380

)

At 31 December 2025

13,686

445

2,421

16,552

NET BOOK VALUE

At 31 December 2025

3,420

652

15,820

19,892

At 31 December 2024

4,276

191

1,633

6,100

5.

DEBTORS

31.12.25

31.12.24

£

£

Amounts falling due within one year:

Trade debtors

-

13,551

Advances to Suppliers

-

86,652

-

100,203

Amounts falling due after more than one year:

Other debtors

28,500

23,750

Aggregate amounts

28,500

123,953

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

291,234

485,189

Tax

274,115

-

Social security and other taxes

41,603

35,393

Pension Control

3,957

7,035

VAT

148,252

89,448

Other creditors

2,858

797,336

Directors' current accounts

-

151

Accrued expenses

62,189

55,742

824,208

1,470,294

7.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Other provisions

100,000

100,000

8.

RESERVES

Capital

Retained

Share

redemption

earnings

premium

reserve

Totals

£

£

£

£

At 1 January 2025

1,704,593

22,860

200

1,727,653

Profit for the year

885,399

885,399

At 31 December 2025

2,589,992

22,860

200

2,613,052

9.	CONTINGENT LIABILITIES

The company has guaranteed a bank loan on behalf of Shield Property Holdings LLP, an entity in which the directors are members. The loan outstanding as at the balance sheet date was £526,195. (2024: £587,613).

10.	RELATED PARTY TRANSACTIONS

The company paid rent of £114,000 to Shield Property Holdings LLP (2024: £114,000) an entity in which the

directors are members. The rent was paid under normal commercial terms. The amount owed to Shield Property Holdings LLP at the balance sheet date was £31,925 (2024: Nil)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Micromode Medical Limited for the year ended 31 December 2025 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Micromode Medical Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Micromode Medical Limited and state those matters that we have agreed to state to the Board of Directors of Micromode Medical Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Micromode Medical Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Micromode Medical Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Micromode Medical Limited. You consider that Micromode Medical Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Micromode Medical Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Andrew Murray & Co

Business Advisors and Statutory Auditors

144-146 Kings Cross Road

King's Cross

WC1X 9DU

Date: .............................................